Category: Indian Government

Bitcoin, Ether and NFTs will ‘never become legal tender’ in India, says Finance Secretary

Bitcoin, Ether and NFTs will ‘never become legal tender’ in India, says Finance Secretary

“You can buy gold, diamond, crypto, but that will have not have the value authorization by government,” said T.V. Somanathan. 1534 Total views 51 Total shares T.V. Somanathan, the finance secretary for the Indian government, is reportedly pushing back against the narrative that cryptocurrencies will be widely accepted in the country — by dismissing the […]

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SEBI chief warns Indian mutual funds on investing in cryptocurrency offerings

SEBI chief warns Indian mutual funds on investing in cryptocurrency offerings

While the regulatory environment for cryptocurrencies in India is currently murky, the country has already witnessed an exponential rise in crypto popularity. 1609 Total views 24 Total shares The Chairman of the Securities and Exchange Board of India (SEBI), Ajay Tyagi, urged mutual funds to avoid investing in crypto-related assets as the government considers new […]

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